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In total, four marijuana stocks jumped higher by at least 10% last week. Let’s take a brief look at some of these moves.
Cara Therapeutics (+12.8%)
Following the loss of more than half of its market value in a two-week timeframe, Cara Therapeutics (NASDAQ: CARA) found its stride this week and moved higher by 13%. Two catalysts appear to be at work here.
First, on Wednesday, July 12, Cara announced encouraging data for its phase 1 trials of oral CR845.
With Uruguay becoming the first country in the world to regulate recreational cannabis production and sales, Uruguayan pharmacies are playing a critical role in world cannabis history.
If a drug dog detects the scent of a controlled substance on a vehicle, it isn’t enough probable cause for police in Colorado to search the vehicle, according to a ruling issued by the Colorado Court of Appeals on July 13, 2017.
Summer is hot and ice cream is cool, but cannabis ice cream is even cooler. With National Ice Cream Day on July 16, 2017, cannabis consumers in Colorado have three options: get high and eat ice cream; make cannabis-infused ice cream or go to a dispensary and buy cannabis ice cream.
